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Nov 4, 2012
11/12
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he is basically saying that the president of the united states, his bailout, is plotting with the gm and chrysler to send american jobs overseas to china. this is beyond a guy double parking outside of north ridge -- >> if mark is correct, and there was an internal fight, and i think we all think there had to be, because this is a pants on fire ad, the person who decides that in the end is the candidate. >> well -- >> no -- four years ago, mccain decided not to run ads that went after the jeremiah wright stuff. that was his decision to similarly, this had to be a romney decision. >> "i'm mitt romney and i --" >> a silly decision. i was in china a couple years ago and the thing that really struck me was the extent to which the u.s. car manufacturers have penetrated that market. >> we should be wanting -- >> exporting. >> but we want to build them here. >> we do build some of them here, and some of them get finished there. penetrating markets helps us. >> what degree of the shamelessness campaigns engage in towards the end bread and this is important, mccain did the right thing -- we'r
he is basically saying that the president of the united states, his bailout, is plotting with the gm and chrysler to send american jobs overseas to china. this is beyond a guy double parking outside of north ridge -- >> if mark is correct, and there was an internal fight, and i think we all think there had to be, because this is a pants on fire ad, the person who decides that in the end is the candidate. >> well -- >> no -- four years ago, mccain decided not to run ads that...
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Nov 1, 2012
11/12
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gm says lf the dealerships in new jersey are without power. some analysts who i talked to said they expect november sales to be down. who knows by how much. but they think actually some of those sales may be made up in december. and actually when you think about it, if there were people who weren't planning to buy a car but lost a car in the floods, they could end up making, having better sales than they had anticipated. >> sounds like a delayed sales as opposed to destroyed sales. it's dianesta broke tant in chicago >> susie: tom, it was a good day for the markets today. on reporting tonight from the nasdaq that is closed above the $3-- 3,000 level, best performance in five weeks and downtown at the new york stock exchange heavy volume, most of the dow components in the green today so a much more positive mood in the markets. >> tom: much more positive, much more constructionive. technology which had been a laggard, nasdaq, certainly knows this where you are at tonight t was one of the leaders today with the broad-based rally. let's get every
gm says lf the dealerships in new jersey are without power. some analysts who i talked to said they expect november sales to be down. who knows by how much. but they think actually some of those sales may be made up in december. and actually when you think about it, if there were people who weren't planning to buy a car but lost a car in the floods, they could end up making, having better sales than they had anticipated. >> sounds like a delayed sales as opposed to destroyed sales. it's...
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Nov 3, 2012
11/12
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really scaring people, you know, that somehow the president had been part of bailing out chrysler and gm and ordered to ship those jobs, and the production overseas to china. that was shall did -- and he got attacked by the republican papers in the state including the youngstown vindicater being indefensible. and i just think it had to be the product of, conclusion that the auto bailout really was a mountain too high for him to climb. and they had to somehow destroy booma's credibility. >> woodruff: and the romney campaign is saying the ad is accurate, that it is factual. >> they seem to be the only ones though, to be honest saying that. and so one of the questions of the campaign is does that hurt. has anybody been hurt by doing a dishonest adment so far we haven't seen that much evidence. i do think there is some evidence that people are just getting sick of it they are saying this is the most dishonest race we've seen. so it is possible tt some of the very early ads that obama ran against romney last summer could turn out to be the crucial things that turn the whole election, i think
really scaring people, you know, that somehow the president had been part of bailing out chrysler and gm and ordered to ship those jobs, and the production overseas to china. that was shall did -- and he got attacked by the republican papers in the state including the youngstown vindicater being indefensible. and i just think it had to be the product of, conclusion that the auto bailout really was a mountain too high for him to climb. and they had to somehow destroy booma's credibility....
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Nov 3, 2012
11/12
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> one of the most flagrantly dishonest ads i can remember in my political career. >> chrysler's ceo angrily denies that they are shipping jobs to china. >> they are adding jobs in toldeo. >> -- toledo. >> this was an act of not hail mary pass in ohio. this was an act of absolute desperation. obama is going to carry ohio, we got to do something -- don't do it, it is going to come back and bite us. it has. he is basically accusing the president of the united states with his bailout of plotting with gm and chrysler to send american jobs overseas to china. this is beyond a guide double parking outside in northridge on christmas -- >> if mark is correct and there was an internal fight in the campaign, and we think there had to be, because this is a hot pants on fire -- a pants on fire ad, the person who decides that in the end when there is that kind of a fight is the candidate. >> well -- >> no -- four years ago, mccain decided not to run ads on the jeremiah wright stuff.
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> one of the most flagrantly dishonest ads i can remember in my political career. >> chrysler's ceo angrily denies that they are shipping jobs to china. >> they are adding jobs in toldeo. >> -- toledo. >> this was an act of not hail mary pass in ohio. this was an act of absolute desperation. obama is going to carry ohio, we got to do something...
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imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler wold not be saved. airlines go through bankruptcy as a fly there is a high probability they would still exist to be scaled down. >> we lose manufacturing jobs. >> politicians love that like a fetish making phoenix to drop by your foot to is more a valuablthan services. the mayor can onomy is service based. they are devoted to make things you cannot necessarily say. john: that is not real. but a dollar earned and services is not less by a bold and manufacturing. it is not true. manufacturing is doing well. it has increased but the politicians don't get it. >> they don't y it. it is big in the swing states. politically. jo
imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler...
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. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has benefited. neil: we can disagree on some fine points. thank you. very good. >> you have to agree that it is one of the real successes of this administration that they have turned this industry around . neil: i don't know about that. i don't know. the cost, or, for example, the way that bondholders were treated in the way that we redid contract law. >> everybody has to sacrifice. neil: not everyone did. not everyone did. well, we make history. i love you dearly, but we did redo a couple of things. it is very good having you austin. i appreciated. >> good to see you again. neil: in the meantime i want to sw
. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has...
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imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler would not be saved. airlines go through bankruptcy as a fly there is a high probability they would still exist to be scaled down. >> we lose manufacturing jobs. >> politicians love that like a fetish making phoenix to drop by your foot to is more a valuable than services. the mayor can economy is service based. they are devoted to make things you cannot necessarily say. john: that is not real. but a dollar earned and services is not less by a bold and manufacturing. it is not true. manufacturing is doing well. it has increased but the politicians don't get it. >> they don't say it. it is big in the swing states. states.
imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler...
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Nov 1, 2012
11/12
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but as one gm executive told me, this ad crossed a line. it was, as they said, too outrageous and misleading for them not to respond to. the fact is, general motors has been building vehicles in china for many years. it's one of the largest carmakers in china. but no automakers sell cars made in the united states into china because of import duties and the costs associated with that. on the chrysler side, it's troubling that they would attack jeep, which has been serving the cornerstone of chrysler's comeback, and toledo, ohio, and detroit, michigan, where they are adding jobs, shifts in the plants and making more jeeps than ever before and can't keep them in stock long enough. so to suggest that they need to go elsewhere to build their jeeps is false. and the fact of the matter is, in the global auto industry today, particularly in china, the mantra is, build them where you sell them. so this idea that somehow american jobs are at risk, because of chinese production, really doesn't add up. >> let me go to steve rattner. i think for the peo
but as one gm executive told me, this ad crossed a line. it was, as they said, too outrageous and misleading for them not to respond to. the fact is, general motors has been building vehicles in china for many years. it's one of the largest carmakers in china. but no automakers sell cars made in the united states into china because of import duties and the costs associated with that. on the chrysler side, it's troubling that they would attack jeep, which has been serving the cornerstone of...
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Oct 31, 2012
10/12
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gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant, about 35 minutes from north toledo where a state-of-the-art facility was built about a decade ago with the support of a republican governor across northwest ohio and thousands and thousands of jobs were saved because of it. let me remind you, i know you know this, general motors and fiat which owns a share of chrysler which produces the iconic brand jeep are publicly traded corporations. with lives of workers at risk. and you are greeted by a television kwhescommercial suggg your job is about to be shipped to china. mitt romney knows it's not true and if he d
gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant,...
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Nov 2, 2012
11/12
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it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called out on it. we have fact checkers and we have a great one here. i think everybody in the media is working especially in the final days to figure out what's true and what isn't. that's the reason ffs a significant risk. >> let me play what governor romney has said, david. i want to get your response. essaying don't look at the ads but the record. le met play what he said. >> look beyond the speeches and the attacks and the ads. look to the records toshgts accomplishments and the failures and judgments. word are cheap. >> the concern, at least i know for some democrats, is that this message of, hey, there
it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called...
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Nov 1, 2012
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo marchionne says they're not moving jobs to china that is big town home town pamer news and when you as a candidate lie to the hometown crowd about the hometown news you cannot expect that lie to float. and it is not floating. the "columbus dispatch fact check" says, "oh, boy." cleveland plain dealer's er89 says "flailing in ohio romney rolls out jeep ploy." say what want about mr. romney's overall relationship with the
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo...
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Nov 1, 2012
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president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with us. >> joining me now, msnbc's joy reid and robert reich, former clinton labor secretary, university of california at berkeley economics professor, and author of "beyond outrage." joy reid, do you know florida? has no one told jeb bush this thing about his brother's lack of popularity with the american public? >> poor jeb keeps trying. he tried it at the convention too. he just tries to slip george in there every so often. >> you can't blame a brother, though. >> he loves his brother. you know, he keeps trying to get him back on the stage, and republicans
president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with...
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Nov 1, 2012
11/12
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows
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Oct 30, 2012
10/12
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he's supported by lee aiko can and gm. he sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >>> i'm mitt romney and i approved this message. >> mitt romney did actually say he'd let detroit go bankrupt and he opposed the bailout and said if we did it it you could kiss the automotive industry good-bye and that didn't really work out. when they endorsed him, they said in spite of him screwing up so badly. the point where they say barack obama sold gm to italians who are going to build jooirps in china. this appears to be a spin on this ad from ohio last week. >> i saw a store today, one of the great manufacturers in this state, jeep. now owned by the italians, thinking of moving all production to china. i will fight for every good job in america and i'm going to fight to make sure trade is fair and if it's fair america will win. >> that line about jeep moving american jobs to china? moving all production to china? that is not true. chrysler is not moving its produ
he's supported by lee aiko can and gm. he sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >>> i'm mitt romney and i approved this message. >> mitt romney did actually say he'd let detroit go bankrupt and he opposed the bailout and said if we did it it you could kiss the automotive industry good-bye and that didn't really work out. when they endorsed him, they said in spite of him screwing up so badly. the point where...
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Oct 31, 2012
10/12
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gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good quarter for us. and a challenging environment. being able to grow revenue, grow profits as you mentioned year-over-year. our margins are up slightly, strong cash flow. got some important launches away this quarter in terms of new vehicles into the market for cadillac and other of our brands. so good quarter overall, and we've made some progress on some of the tough issues in front of us including pensions and we're making reasonable progress in europe. >> and we'll talk about europe in a bit. but i want to ask you about revenue. nearly $2 billion better than
gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good...
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Oct 31, 2012
10/12
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with this heavy pushback of gm and chrysler do you think that the romney campaign anticipated this at all and why continue to defend the ad and not pull it down? >> i have no idea whether they anticipated to get this kind of pushback. but as we wrote and you just mentioned, the body language to have to resort to this sort of ad looks to be a game changer. if you are up in the tracking you don't run an ad like that. trying to really change the conversation. trying to muddy the waters. that's something you typically do when you're behind. the romney campaign insists to me we feel like we're in a very good position in ohio. we're within striking distance but the polls show president obama with a five-point lead. some had it smaller. >> quickly, they say the economy is improving and according to the polls most give president obama a credit for. >> we're actually seeing that people voting for president obama supporting him in polls optimistic and bullish on the state of the economy. if you're a romney voter or you're leaning towards romney in the polls probably have the opposite view. that
with this heavy pushback of gm and chrysler do you think that the romney campaign anticipated this at all and why continue to defend the ad and not pull it down? >> i have no idea whether they anticipated to get this kind of pushback. but as we wrote and you just mentioned, the body language to have to resort to this sort of ad looks to be a game changer. if you are up in the tracking you don't run an ad like that. trying to really change the conversation. trying to muddy the waters....
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Oct 31, 2012
10/12
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under president obama gm cut 15,000 american jobs. but they are planning to double the number of cars built in china, which means 15,000 more jobs for china. and now comes word that chrysler plans to start making jeeps in, you guessed it, china. >> this radio spot is even more dishonest than the tv ad. not only does it double down on the jeep lie, but it suggests the auto loan didn't save the auto industry. general motors responded to the ad today saying "at this stage, we're looking at a hubble telescope-length distances between campaign ads and reality. gm's creating jobs in the united states and repateuating profits back to this country should be a source of bipartisan pride." these ads had jeep employees scared about losing their jobs. so chrysler's ceo felt the need to set the record straight. he pointed out mitt romney's lie for the second time. in an e-mail to employees, he wrote "jeep assembly lines will remain in operation in the united states and will constitute the backbone of the brand. it is inaccurate to suggest anything
under president obama gm cut 15,000 american jobs. but they are planning to double the number of cars built in china, which means 15,000 more jobs for china. and now comes word that chrysler plans to start making jeeps in, you guessed it, china. >> this radio spot is even more dishonest than the tv ad. not only does it double down on the jeep lie, but it suggests the auto loan didn't save the auto industry. general motors responded to the ad today saying "at this stage, we're looking...
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Oct 29, 2012
10/12
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i do have gm and nissan and toyota with bodine motors. everybody talks about this. it is the out-of-control regulation, the difficulty we have with trade issues right now. that's why mitt romney has laid out a plan to create 12 million american jobs making america more business-friendly and reducing this regulation. >> and yet, the numbers, the at least from chrysler, they felt so compelled about what mitt romney was saying on the campaign trail that they issued a statement to say, not only are they not moving jobs to china, in fact, the company has nuns announced plans to hire an additional 12,000 workers in detroit. that will contradict what you say are concerns about auto workers? >> i don't see it as a contradiction at all. i think it is a testament to american ingeneral new at this time that people move forward to manufacture in this country. epa and government regulators are making it more and more difficult every single day. this is what we hear from so many of our manufacturers, large and small. >> let me really quickly play for you a clip that the president
i do have gm and nissan and toyota with bodine motors. everybody talks about this. it is the out-of-control regulation, the difficulty we have with trade issues right now. that's why mitt romney has laid out a plan to create 12 million american jobs making america more business-friendly and reducing this regulation. >> and yet, the numbers, the at least from chrysler, they felt so compelled about what mitt romney was saying on the campaign trail that they issued a statement to say, not...